The Revenue Agency has provided new clarifications on the facade bonus, the facility introduced by the Budget Law 2020 which provides for a deduction equal to 90% expenses incurred in 2020 for interventions, including those of cleaning only or external painting, aimed at the recovery or restoration of the external facade of existing buildings located in certain areas.
He did so by responding to question 185 of 12 June 2020, in which a taxpayer asked how he could take advantage of the facility, with reference to the work carried out concerning: restoration of the external facade and balconies, refurbishment of the plaster of the entire external surface and treatment of the reinforcement rods, interventions on the balcony, including the reconstruction of the brick parapet, the sub-balcony, the front, the flooring and the painting of the metal railing.
Facade bonus, no spending limit
First of all, the Revenue Agency has clarified that for the types of intervention that entitle the bonus to facades, the norm, unlike the facilities already present on the subject, it does not provide for maximum spending limitstherefore the deduction, to be divided into 10 constant annual installments of the same amount to be deducted in the year of support and subsequent years, can be calculated on the entire amount of the costs incurred.
Bonus facades, which works are allowed to be deducted
Recalling circular no. 2 / E of 2020, the Revenue Agency has clarified that the facades, interventions on the “external visible building envelope”, both on the front, front and main part of the building, and on the other sides of the building are eligible for the bonus (entire external perimeter) “. The interventions concern elements of the facade constituting exclusively the “vertical opaque structure”.
It is, by way of example, the consolidation, restoration, improvement and renewal of the aforementioned elements constituting the vertical opaque structure of the facade itself as well as the mere cleaning and painting of the surface.
Regarding the interventions on balconies or on ornaments and friezes, it is clarified that the deduction is due for consolidation, restoration, including the mere cleaning and painting of the surface, or renewal of the constituent elements of the balconies, ornaments and friezes.
Facades of works attributable to urban decoration such as those referred to are also eligible for the bonus gutters, downspouts, parapets, cornices and the arrangement of all the plant parts that insist on the opaque part of the facade.
Bonus facades, which works are excluded from the deduction
Instead, the expenses incurred must be considered excluded from the bonus:
- for interventions on the “horizontal or inclined opaque structures” of the building envelope such as, for example, roofs (solar panels, roofs) and floors towards unheated rooms or towards the outside (terraces) as well as for the replacement of windows, fixtures, grates doors and gates (not included in the notion of “opaque” structures);
- for interventions carried out on the internal facades of the building, except for those visible from the road or from ground for public use;
- for interventions on surfaces bordering on small areas, shafts, courtyards and internal spaces, except for those visible from the street or from ground for public use.
Facade bonus, bank transfer payment
With regard to the payment method, please note that taxpayers who are subject to personal income tax must make a bank or postal transfer which shows:
- the reason for the payment;
- the tax code of the beneficiary of the deduction;
- the VAT number or the tax code of the person in whose favor the transfer is made.